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Posts Tagged ‘Thomson Reuters’

Financial crisis hits global oil investment

The growing financial crisis and plunging energy prices have forced oil companies to scale back spending and delay projects, with expensive ventures in the Canadian oil sands hardest hit.

Shell Nigeria oil exports affected by OPEC cuts

LONDON, Nov 5 (Reuters) – Royal Dutch Shell said on Wednesday it would not be able to meet all Nigerian crude supply obligations in November and December following OPEC’s decision to reduce exports.

UPDATE 3-Shell to delay oil sands expansion project

The move is the latest in a line of project deferrals among companies active in squeezing crude from Alberta’s bitumen-soaked soil in a trend that is dimming Canada’s energy production outlook.